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Cabinet holds back on pushing asset sales, waits for Supreme Court

Cabinet holds back on pushing asset sales, waits for Supreme Court

By Pattrick Smellie Feb 18 (BusinessDesk) - The government will wait for the Supreme Court to rule on the Maori Council appeal against the partial privatisation of state-owned electricity company MightyRiverPower, even though it needed a decision by today to meet its own sales t...

18 Feb 2013
MARKET CLOSE NZ shares gain as Fletcher, Telecom rebound; NZX falls

MARKET CLOSE NZ shares gain as Fletcher, Telecom rebound; NZX falls

Feb. 18 (BusinessDesk) – New Zealand shares rose as Fletcher Building and Telecom bounced back from Friday’s selloff when investors were selling liquid stocks to participate in the Auckland International Airport selldown. NZX and Freightways fell after posting their results. Th...

18 Feb 2013
NZ dollar set to pursue recent highs as investors take a shine to kiwi

NZ dollar set to pursue recent highs as investors take a shine to kiwi

Feb. 18 (BusinessDesk) - The New Zealand dollar is set to test its recent highs as a string of upbeat economic data attracts investors looking for growth. The kiwi was little changed at 84.35 US cents at 5pm in Wellington from 84.37 cents this morning and 84.46 cents on Friday...

18 Feb 2013